Tethys Share Discussion Threads

[neilyb675] 02/4/2017 13:39

Think I'm gonna transfer my shares into HL. Just waiting on their response and whatever the process is.

[casual47] 02/4/2017 13:27

The warrants handed out are now not a tool for the company to use. The reason there was such a large handout of warrants was not so that the Kumars could be charitable and help the company with much needed funds or help them deal with issues in Taj. They were used as a means to persuade the Kumars and whoever they were acting on behalf of to do whatever it was they offered to do for the company - i doubt it was just out of gratitude for the amazing 700k USD each of them so generously gave the company.

[1399peter] 02/4/2017 12:46

hguess

Interesting possibility indeed. A good way to raise funds but obviously dependent on what price is offered. I have heard of companies fixing forward sale price like dragon Oil used to do, but not buying oil still in the ground.

Regarding the earlier comments about warrants........It crossed my mind that this sizable chunk of the company in warrant form could be used as leverage, perhaps for Taj Gov (monies owed) and all that. The warrants can be traded I believe.

[hguess16] 01/4/2017 18:31

Casual,
I cannot comment on that. All I know is that there is a possibility that Tethys could
pre-sell !.
To whom, I do not know !.

[hguess16] 01/4/2017 18:27

TI,
sorry I missed that link !.

[casual47] 01/4/2017 17:24

As far as i know TPL does not have an export licence for either gas or oil.

How much can they presell into the local market and at what prices? We know for oil they are losing $$$ for every barrel at the moment (including the 10% premium from Prax, allegedly)

As i understand it, and i may be wrong, to obtain an export licence they need to achieve certain minimum volumes of output. For oil that's a long way off. For gas, it's a maybe but will take time?

[temporarily insane] 01/4/2017 17:23

Cheers benandemmiboo for your link.



Hguess16 whats your take on bens link?

[hguess16] 01/4/2017 17:13

I would suggest that cash flow would not be a problem as it could come from Pre-selling oil and gas if new drilling and optimum extraction takes place from May.
All Tethys needs is a level of confidence from potential buyers that there is oil ready to be extracted from the wells with improved methods of drilling and extraction.
This was missing in the past !.
CEO, Ken May, has had past experience at Holyfield Exploration/Double Energy, is already showing that he can deliver by awarding Great Wall Drilling the contract to drill 10 new wells.
Origen Oil of Australia pre-sold 30% of their proved reserves !.

[casual47] 01/4/2017 16:40

There are many drags on the SP, not just delisting. The main issue is that TPL is not yet a viable business. If they sort out the loans they still need to sort out fund raising for cash flow. The last placing they did was very low, and that was just for 1.4 million USD. They will need a few more millions and there can't be much reason for whoever is giving the money to pay a huge premium to the current share price

[casual47] 01/4/2017 16:34

I don't think the warrants were perceived as a way to provide urgent funds. That's not the point of warrants.

If they need urgent funds they will just do a placing, I imagine. There's an AGM sometime around June so they can easily fit in a resolution for that.

[hguess16] 01/4/2017 16:26

I agree news of a rescheduling will help the share price, but the uncertainty caused by the delisting among some UK investors has destablised the normal share price behaviour expected from any good news emanating from Tethys during April and until that uncertainty has been put to bed. It reminds me of a "mini brexit" effect similar to the fall in £ sterling.
I hope I am wrong, but the evidence to date proves my point !.

[benandemmiboo] 01/4/2017 15:44

It appears Tethys did a nice thing by awarding Great Wall the contract. Great Wall has also been facing bankruptcy concerns: hxxp://kazworld.info/?p=60665

[benandemmiboo] 01/4/2017 15:37

If the Khan loan did not get sorted, I think we would need to be notified by end of last night. I assume news is good and that we'll be updated on Monday. I personally think the share price will do very well, pre-drilling, once the loans are extended into the future. The PPS will rise if only because the warrants likely need to be exercised ASAP so that more money comes Tethys' way.

[benandemmiboo] 01/4/2017 15:34

I think Bell was beset by situations outside his control. He was installed by Wells to replace Robson; his primary function was to partner Tethys with AGR (it did not happen; there was never an official statement as to why) and then to be acquired with Nostrum (which Pope officially balked at).
1/3 of his salary was in Tethys shares at some high figure like 17 P, so it was interesting that he was willing to accept a personal loss when he acccepted the lowered Nostrum deal. Olisol, as everyone recalls, wrote a lot of negative press releases directed at Bell, because it seemed he was ignoring their higher offers as he worked to finalize the deal with Nostrum.
When the Nostrum deal fell through because Pope rejected it, his visible disappointment rang through the press release -- not very professional but interesting -- and when Olisol and Tethys began partnering, Bell was one of the first out the door. Since some posters here were mentioning the great work on the ground that Olisol was doing while they seemed a friendly partner with Tethys, hard to know if they were the pure cancer on the company as you suggest. Maybe but hard to know.
Have no clue about Bell's competence or incompetence -- like May now, he did not seem to be the genuine leader of the company, just the installed one -- but I always liked that he was paid largely in shares, and that he was willing to accept less than the price of those shares in the interests of Tethys shareholders.
I now assume the Kumars' influential friend is basically running the show here -- Wells is not a geologist, correct? -- and hope like others that he does us well.

[casual47] 01/4/2017 15:33

As they have stated the 8 million USD Khan Energy loan is due in March will they need to provide an update on that on Monday, seeing as it will be April? Or can they wait to give us an update whenever it gets sorted?

[1399peter] 01/4/2017 15:22

hguess

Thanks for that, I will take a look.

Regarding the finals. I agree, I don't think we can expect too much there.

[hguess16] 01/4/2017 14:55

Redstone,
If the Fin results to date are not good, it would be down to a lack of operations to increase output and a corresponding lack of revenues.
Until Wells/May took over, the whole business was infiltrated/infected by the Olisol
"mob". Remember that the business was shut down by the "mob" and Tethys had no customers as well for a short while.
It was just a maintenance operation even under Bell with not a single well being drilled, but with an increasing accumulation of debt.
As Alan Sugar says " what a mess " !.
So I am not holding my breath about the results, but hope to hear about a rescheduling plan for the short term debts related to Cayman( Khan ) and AGR.
Until we get some real news about the commencement of new drilling and the operation of the mini compressor, I am afraid, the share price is not likely to move our way.

[hguess16] 01/4/2017 14:39

1399Peter,
I have not checked if it's free as this info was given to me by Clive Oliver the CFO/Corporate Sec: of Tethys.
I think it should cost nothing as you are giving them your business !.
I have been with TD for yonks on an execution only deal, so no annual fees or admin fees.

[redstone64] 01/4/2017 14:13

Thanks HGuess, the information posted has been useful and I have set up an account with TD direct and been able to deal on TSX with that while price was comparable. My holdings of TPL are split between a few providers and types of account so there is some work to do and I'm more trying to see this from the point of view of other PI's.Incidentally, taking the results RNS down to the wire I see as a potential positive in that the mgmt could be looking to offset what we know will not be pleasant reading with Q4 freeze in production with something regarding the loans or even the Olisol case. With the glass half full here's to a double RNS tomorrow or before market Open on Monday!

[1399peter] 01/4/2017 13:34

hguess

Sorry being lazy here, is it a free transfer with the providers you mention, same as TD Direct.

[hguess16] 01/4/2017 12:45

Redstone,
May I suggest you get in touch with Hargreaves Lansdowne and/or AJ Bell You Invest as
mentioned before on the BB as they would be able to help you transfer your holding.

[temporarily insane] 01/4/2017 12:31

It Tethys Petroleum, they have top make everything complicated!

[wrighty46] 01/4/2017 12:28

Are we not now in breach of TSX regs? Annual results have to be posted within 90 days from end of year. Or am I mistaken?

[casual47] 01/4/2017 11:34

Disappointing they didn't release the annual results yet....